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help! * You received no credit for this question in the previous attempt. DeRozen Company purchases 1,000 common shares (40%) of Tours of Toronto Incorporated

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* You received no credit for this question in the previous attempt. DeRozen Company purchases 1,000 common shares (40%) of Tours of Toronto Incorporated as a long-term investment for $100,000 cash on July 1 . Tours of Toronto paid $15,000 in total cash dividends on November 1 and reported net income of $150,000 for the year ended December 31. Prepare DeRozen's journal entry to record the receipt of its share of Tours of Toronto's November 1 dividends. Nultiple Choice Debit Cash $6,000; credit Dividend Revenue $6,000 Debil Cash $15,000; redet Equity Method investments $15,000 Debit Equity Method investments $15,000, credit Cash $15,000. Debit Cash $6,000; credit Equity Method investments $6,000. Debit Dividend Revenue $6,000; credit Equity Method irvestments $6,000

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